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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (53179)9/18/1998 9:28:00 AM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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I forgot to mention an important point concerning my previous INDEX UPDATE (post 53173).

The 50 day moving average just crossed the 200 day moving average to the downside. Unfortunately this is not a weak negative. It does not change my position for the time being that we are range trading, but this needs to be watched carefully. If this short-term downtrend continues, which I think it will, such will pull the 50 DMA even lower, which is not a good sign.

Seeya
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